earnings
confidence high
sentiment positive
materiality 0.80
Hawkins Q2 FY2024 EPS $1.10, record gross profit $53.9M, Water Treatment sales up 17%
HAWKINS INC
2024-Q2 EPS reported
$2.22
revenue$487,646,000
- Net income $23.2M ($1.10 diluted EPS), up 28% from $0.86 in prior-year quarter.
- Sales $236.5M (-2% YoY); Water Treatment +17% to $100.9M, Industrial -14%, Health & Nutrition -9%.
- Record gross profit $53.9M (+16%), record operating income $33.0M (+25%), record EBITDA $41.5M (+22%).
- Reduced debt by $28.6M in quarter to $60M; leverage ratio 0.45x; operating cash flow $57.8M.
- After quarter-end, acquired Water Solutions Unlimited and Miami Products & Chemical, adding six Water Treatment locations.